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UP (Wheels Up Experience) Tax Expense : $1.4 Mil (TTM As of Sep. 2024)


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What is Wheels Up Experience Tax Expense?

Wheels Up Experience's tax expense for the months ended in Sep. 2024 was $0.4 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was $1.4 Mil.


Wheels Up Experience Tax Expense Historical Data

The historical data trend for Wheels Up Experience's Tax Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Wheels Up Experience Tax Expense Chart

Wheels Up Experience Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
- - 0.06 0.17 1.38

Wheels Up Experience Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.63 -0.11 0.44 0.41

Wheels Up Experience Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Wheels Up Experience  (NYSE:UP) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Wheels Up Experience Tax Expense Related Terms

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Wheels Up Experience Business Description

Traded in Other Exchanges
N/A
Address
2135 American Way, Chamblee, GA, USA, 30341
Wheels Up Experience Inc is a provider of on-demand private aviation in the United States. It is pioneering data and technology-driven solutions that connect consumers to safety-vetted and verified private aircraft. It connects private flyers to aircraft, and one another, through an open platform that enables life's most important experiences. Its offering is delivered through a mix of programmatic and charter options that strategically utilize its owned and leased aircraft fleet and an "asset-light" charter model to deliver a greater range of global travel alternatives. The company operates in a single operating and reportable segment, private aviation services. Geographically the company generates the majority of its revenue from the United States.
Executives
Donald Lee Moak director 601 WEST 26TH STREET, SUITE 900, NEW YORK NY 10001
Mark Briffa officer: Chief Commercial Officer 601 WEST 26TH ST. SUITE 900, NEW YORK NY 10001
Laura Heltebran officer: Chief Legal Officer C/O WHEELS UP EXPERIENCE INC., 601 WEST 26TH STREET, NEW YORK NY 10001
Knighthead Opportunities Capital Management, Llc 10 percent owner 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017
Andrew Stephen Davis director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Certares Opportunities Llc 10 percent owner 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017
Adam Ross Zirkin director 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017
Jeffrey Nedelman director 8501 WILLIAMS ROAD, ESTERO FL 33928
Alain Bellemare director C/O DELTA AIR LINES, INC., DEPT. 981, P.O. BOX 20574, ATLANTA GA 30320
Cantor Adam Corey director 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017
Ck Wheels Llc 10 percent owner 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017
George N Mattson director C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
Ck Opportunities Gp, Llc 10 percent owner 280 PARK AVENUE, 22ND FLOOR EAST, NEW YORK NY 10017
Zachary George Lazar director 350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017
Daniel C. Janki director 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513